David Smith, ENA CEO said: “Our energy networks have a great track record of delivering for households, businesses and communities when it comes to network reliability, reducing costs to the billpayer and driving forward new investment in our infrastructure.

“Today’s announcement builds on that, as our energy market rapidly changes. It is about creating a system that creates a platform for a whole range of new energy technologies and services that now only allows network companies to manage the system more effectively but give other organisations the chance to benefit from that, whether that be directly or indirectly.”